Difference between revisions of "PO"

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==Purchase Order==
 
==Purchase Order==
  
[[PO]] is created to make any expenditure.
 
  
[[PO]] is attached to [[AFE]] for [[CAPEX]].
+
[[Invoice]] is attached to [[PO]].
  
[[PO]] is created for [[OPEX]] and [[G&A]].
+
===PO life cycle===
 +
#[[PO]] is created to make any expenditure.
 +
##[[PO]] is attached to [[AFE]] for [[CAPEX]].
 +
##[[PO]] is created for [[OPEX]] and [[G&A]].
  
[[Invoice]] is attached to [[PO]].
 
  
 
===PO Attributes===
 
===PO Attributes===

Revision as of 12:28, 30 January 2017

Purchase Order

Invoice is attached to PO.

PO life cycle

  1. PO is created to make any expenditure.
    1. PO is attached to AFE for CAPEX.
    2. PO is created for OPEX and G&A.


PO Attributes

  • Over budget: yes/no
  • Total Cost free of VAT
  • Total Cost incl. VAT
  • Attached files

PO Status

PO Authorization

SumBudgeted   Unbudgeted
 AFE in place AFE not required AFE not in place  
<$2k Anyone Levels 1-3 Anyone Levels 1-4 1x Level 2 2x Level 2 (incl Finance)
<$10k 1x Level 2 1x Level 2 1x Level 2 2x Level 1
<$100k 1x Level 2 1x Level 2 (incl Finance) 1x Level 1 2x Level 1
<$500k 1x Level 1 1x Level 1 1x Level 1 2x Level 1
<$1m 1x Level 1 1x Level 1 Board of Directors Board of Directors
≥$1m 2x Level 1 2x Level 1 Board of Directors Board of Directors